SME development as a primary goal

30 October 2014

On 22 October the European Union and the European Bank for Reconstruction and Development (EBRD) organised a meeting concerning the ways of supporting local small- and medium-sized enterprises (SMEs) to have access to finance and know-how.
The Head of Cooperation of the EU Delegation to Armenia, Hoa-Binh Adjemian, stated that the development of SMEs was one of the EU’s main priorities in cooperation with countries like Armenia: ‘The EU’s Small Business Support Programmes, which have made this event possible, is specifically aimed at promoting and improving the work of SMEs here. This is only one of several projects and facilities that are available to Eastern Partnership countries thanks to the European Union’. Mark Davis, Head of the EBRD Yerevan Office, said: ‘It is necessary to develop a viable private sector in Armenia that will enhance the supply chain and exports’. To ensure the development of a strong private sector, the EBRD in Armenia is providing both finance and know-how to SMEs, including business advice in how to access finance.
Under the EU SME Flagship Initiative, the EBRD has invited Gavin Ryan, an international expert with over 25 years’ experience in the financial industry and private equity markets, to share his expertise on linking local SMEs to investment opportunities for growth and the possibility of becoming genuine catalysts for local economies.
Ryan delivered a course on management and investor factsheet preparation for SMEs to financial advisers on 23-24 October, during which he stated: ‘Both countries and companies are competing for the attention of investors. A quality factsheet should stand out, capture the attention of investors and make them curious to know more. It will do this only by both containing credible information and by presenting it well. I hope my course will help financial advisers to achieve this objective and thus better serve their clients’.

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